[US stock index]
On Wednesday, December 4, US Eastern Time, the three major US stock indexes closed higher, with the S&P 500 index rising 0.61% to 6086.49 points. The Dow Jones index rose 0.69% to 45014.04 points; The Nasdaq index rose 1.30% to 19,735.12.
American debt
On December 4, the benchmark 10-year US bond yield was 4.19%, and the 2-year US bond yield, which is most sensitive to the Fed’s policy interest rate, was 4.13%.
[Hot American stocks]
Among the popular US stocks, Apple rose 0.15%, NVIDIA rose 3.48%, Microsoft rose 1.44%, Amazon rose 2.21%, Google C rose 1.77%, Google A rose 1.77%, Meta rose 0.02%, Tesla rose 1.85%, TSMC rose 0.89% and AMD rose 1.42%.
[global index]
[China index]
On December 4th, overnight Hang Seng Technology Index futures fell by 0.59%, Nasdaq China Jinlong Index fell by 1.38%, and FTSE China A50 Index fell by 0.09%.
[China Stock Exchange]
In terms of popular Chinese stocks, Tencent Holdings (Hong Kong stocks) fell by 0.30%, Alibaba by 0.88%, Pinduoduo by 0.26%, Netease by 1.60%, Ctrip by 1.69%, Baidu by 1.51%, LI by 1.23%, Xpeng Motors by 0.75% and Weilai by 0.97%.
[foreign exchange commodities]
[Global News]
Federal Reserve Chairman Powell: Oppose the President’s suggestion on interest rate policy.
On December 4, local time, Federal Reserve Chairman Powell said in an interview on the same day that the Federal Reserve was created by Congress and acted on behalf of all Americans, regardless of politics. This is a "national law". Powell added that he was not worried that Congress would change the independence of the Fed, and opposed the suggestion that the president should express his opinion on the interest rate policy.
Regarding the US economy, Powell said that the inflation rate has dropped and the unemployment rate is relatively low, and the current situation is "very good". Powell pointed out that the US economy is stronger than expected in September, so the central bank can be more cautious when cutting interest rates. When asked about the national debt problem, Powell said that the US federal budget is on an "unsustainable track" and needs to solve this problem as soon as possible. (CCTV News)
Federal Reserve Chairman Powell: Bitcoin is used as a speculative asset; Bitcoin’s competitor is gold, not dollars.
Federal Reserve Chairman Powell: Bitcoin is used as a speculative asset; Bitcoin’s competitor is gold, not dollars.
Federal Reserve Chairman Powell: We are modeling, studying and evaluating the tariff proposal.
Federal Reserve Chairman Powell: We are modeling, studying and evaluating tariff proposals.
Powell: The Fed can be cautious when looking for neutral interest rates.
Federal Reserve Chairman Powell: As time goes by, the Fed will gradually move towards a more neutral interest rate. Although the downside risk is lower than expected, the Fed can be cautious when looking for a neutral interest rate.
Federal Reserve’s Beige Book: Economic activity in most areas has increased slightly.
Federal Reserve’s Beige Book: Economic activities in most areas have increased slightly; Prices in various regions only rose at a moderate rate; The growth of power demand is driven by the rapid expansion of data centers. It is reported that in the next few years, it is planned to meet the power demand by investing in renewable energy generation capacity.
Powell: Capitol Hill generally supports the independence of the Fed and is not worried about the risk of the Fed losing its independence.
Powell said that Capitol Hill generally supports the independence of the Fed and is not worried about the risk of the Fed losing its independence.
European Central Bank Management Committee nagel: Interest rates may be cut again next week.
Nagel, the governing board of the European Central Bank, said on Wednesday that the ECB may cut interest rates again next week, but the easing policy should be gradual and cautious. Nagel said on Wednesday, "In view of the fact that the process of falling inflation is basically in line with current expectations, at this stage, if we continue to lower the policy interest rate, I will not object." "But I will reserve my final judgment and make a decision after reviewing the new macroeconomic forecast in December and considering the risks around the baseline."
Nagel, Governing Committee of the European Central Bank: In favor of adopting a gradual and cautious interest rate cut.
Nagel, the Governing Committee of the European Central Bank: We are in favor of a gradual and prudent interest rate cut. There is no significant risk that inflation is lower than expected. Not in a hurry to adjust interest rates; I don’t object to the interest rate cut in December, but wait for the forecast result.
Google: A new dating and dating advertising policy will be launched in March 2025.
Google: A new dating and dating advertising policy will be launched in March 2025. According to the new policy, advertisers need to be certified by Google before placing dating or dating-related advertisements through Google ads.
BlackRock’s Outlook in 2025: The artificial intelligence boom continues to boost US stocks. It is expected that the Federal Reserve will not be able to lower interest rates below 4%.
BlackRock, the world’s largest asset management company, expects that the artificial intelligence boom will continue to boost US stocks and support broader economic growth next year, although the rising debt level in the United States may threaten its optimistic forecast for 2025. The agency said that the innovation of artificial intelligence technology may make US stocks benefit more than European stocks. The agency said that although the US economic growth may cool down slightly next year, the Federal Reserve may not be able to cut interest rates significantly because inflation is still sticky and higher than the central bank’s target. The agency expects that the interest rate will not fall below 4% from the current 4.5%-4.75%. Continued price pressure caused by geopolitical division and infrastructure expenditure may put pressure on the bond market.
admin administrator
关于作者